Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published Announced on 24 October 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Consolidated revenue, operating profit and ordinary profit were revised upward due to strong orders, steady progress on construction projects in hand, improved gross profit margins and reductions in selling, general and administrative expenses. While an impairment loss related to 神島組 will be recognized, consolidated net income was also revised upward because of the upward revisions to operating profit and ordinary profit. Standalone net income was revised downward due to the recognition of a loss on the valuation of shares in an affiliated company resulting from a decline in the intrinsic value of shares in 神島組.
The consolidated accounts are expected to include an impairment loss of approximately ¥1.4 billion on technology-related assets and other assets associated with 神島組, while the standalone accounts are expected to include a loss of approximately ¥2.8 billion on the valuation of shares in an affiliated company. The latter will be eliminated in the consolidated accounts and will have no impact on consolidated results.
| Item | Details |
|---|---|
| Net Sales | Consolidated 101,000 / Individual 99,100 → Consolidated 105,500 / Individual 103,400（Consolidated 4.5 / Individual 4.3） |
| Operating profit | Consolidated 5,120 / Individual 5,340 → Consolidated 6,570 / Individual 6,600（Consolidated 28.3 / Individual 23.6） |
| Ordinary income | Consolidated 5,130 / Individual 5,350 → Consolidated 6,600 / Individual 6,620（Consolidated 28.7 / Individual 23.7） |
| Profit attributable to owners of the parent | Consolidated 3,620 / Individual 3,770 → Consolidated 3,800 / Individual 1,880（Consolidated 5 / Individual -50.1） |
| Net income per share | Consolidated ¥346.34 / Individual ¥360.70 → Consolidated ¥365.59 / Individual ¥180.87 |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | Announced on 24 October 2025 |
| Previous-period results | Consolidated: revenue of ¥89,027 million, operating profit of ¥3,695 million, ordinary profit of ¥3,710 million, net income attributable to owners of the parent of ¥2,060 million, and basic earnings per share of ¥197.48. Standalone: revenue of ¥86,600 million, operating profit of ¥3,911 million, ordinary profit of ¥3,922 million, net income of ¥3,596 million, and basic earnings per share of ¥344.71. |
| Reason for the revision | Consolidated revenue, operating profit and ordinary profit were revised upward due to strong orders, steady progress on construction projects in hand, improved gross profit margins and reductions in selling, general and administrative expenses. While an impairment loss related to 神島組 will be recognized, consolidated net income was also revised upward because of the upward revisions to operating profit and ordinary profit. Standalone net income was revised downward due to the recognition of a loss on the valuation of shares in an affiliated company resulting from a decline in the intrinsic value of shares in 神島組. |
| Details and amount of extraordinary loss | The consolidated accounts are expected to include an impairment loss of approximately ¥1.4 billion on technology-related assets and other assets associated with 神島組, while the standalone accounts are expected to include a loss of approximately ¥2.8 billion on the valuation of shares in an affiliated company. The latter will be eliminated in the consolidated accounts and will have no impact on consolidated results. |
| Dividend forecast revision | The year-end dividend was increased by ¥9, from ¥87 to ¥96 per share. The annual dividend was increased from ¥174 to ¥183 per share. |
| Consolidated / non-consolidated | Consolidated / non-consolidated (standalone) |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Consolidated revenue, operating profit and ordinary profit were revised upward due to strong orders, steady progress on construction projects in hand, improved gross profit margins and reductions in selling, general and administrative expenses. Although an impairment loss of approximately ¥1.4 billion is expected on technology-related assets and other assets associated with 神島組, consolidated net income was also revised upward because of the upward revisions to operating profit and ordinary profit. Standalone net income was revised downward due to a loss of approximately ¥2.8 billion on the valuation of shares in an affiliated company, reflecting a decline in the intrinsic value of shares in 神島組. The dividend increase reflects the policy of emphasizing growth investment and stable shareholder returns.